Kirby Group reports 50% increase in pre-tax profits in 2012

Irish-owned engineering services contractor Kirby Group has reported a 50pc increase in pre-tax profits to €1m in 2012 on the back of revenues of €64m.

With operations in Dublin, Galway, Limerick, the UK and Europe, Kirby Group employs over 400 people.

Clients include many of the largest indigenous and multinational firms in Ireland, including Intel, Google, IBM, Abbott Pharma, Boston Scientific, Ericsson, Irish Distillers, Analog Devices, ESB and Mainstream Renewables.

Kirby Group’s mechanical engineering business performed strongly, making up over 30pc of group revenues in 2012.

The group benefited from increased economic activity in the UK, winning a number of key contracts with clients such as IBM, Molson Coors, Victrex and GSK. UK operations accounted for 25pc of group revenues.

Fergus Frawley, managing director, Kirby Group said: ““While market conditions remain competitive, we see growth in a number of areas and particularly in the mechanical engineering sector where we have a growing base of clients.

“Our success in the UK market is also helping to drive revenues as we continue to win new business including the design and build contract from brewer Molson Coors for its major new energy centre in Burton-on-Trent. The opening of the company’s third office in Glasgow and growth in revenue arising from framework agreements with utilities such as Scottish Power also contributed to the strengthening of our UK market presence.” Source: BUsiness and Leadership.